SoftBank sells 1.56% Lenskart stake for ₹1,896 crore
In short
SoftBank sold 2.72 crore Lenskart shares on Friday through its affiliate SVF II Lightbulb (Cayman) Ltd. The shares were sold in 10 parts at an average price of ₹697.15 each, for a total of ₹1,896 crore.
Goldman was the biggest buyer. The deal trims SoftBank’s stake in Lenskart and is a notable share sale in a consumer tech company.
What the reporting says
SoftBank, through affiliate SVF II Lightbulb (Cayman) Ltd, sold 2.72 crore Lenskart shares in 10 tranches on Friday at an average price of ₹697.15 apiece. The sale reduced SoftBank's holding by 1.56% and was valued at ₹1,896 crore. Goldman was the biggest buyer in the transaction.
Why it matters
SoftBank, through SVF II Lightbulb (Cayman) Ltd, sold 2.72 crore Lenskart shares in 10 tranches at an average price of ₹697.15 apiece on Friday. The transaction was worth ₹1,896 crore and cut SoftBank's stake by 1.56%. Goldman was the biggest buyer.